cmgutier
New Member

Deductions & credits

Thanks Carl! I am currently weighing my options of whether to refinance the mortgage with a financial institution or to take out a general loan against my 401K. The interest rates would be comparable, but the deciding factor would be whether I am able to write off some of the costs. Since deductions are only allowed on mortgages obtained from a lienholder, then I may have my answer.  Thanks again.